Corsmed

What Corsmed does

Corsmed is a Stockholm-based MedTech company founded in 2016 that builds a cloud-based MRI simulator designed to train radiographers, students, and clinicians on realistic MRI scanning without requiring access to physical scanners. Its proprietary "true" MRI simulation engine computes MR signal evolution for each spin in each voxel through the full pulse sequence, constructs K-space raw data, and reconstructs MR images via inverse Fourier transform, producing outputs that mirror real clinical MRI behavior including accurate contrast, SNR, resolution, CNR, SAR, scan time, and artifacts. The platform includes the core MRI Simulator (available 24/7 on laptops), an integrated Learning Management System (LMS) for course delivery, cohort management and analytics, five supplementary Imaging Tools (K-space Viewer, Bolus Injection Timing, 3D Viewer, Post-Processing, and DICOM Viewer), and a separate investigational product called Simulation-Based Reconstruction (SBR) that derives multiple brain image contrasts from a single acquisition to reduce scan times from 31-45 minutes to 2-3 minutes.

Corsmed operates a freemium SaaS model with a permanently free tier (head and knee anatomies, eight core pulse sequences) and paid monthly subscriptions unlocking 50+ anatomies, 23+ pulse sequences, pathologies, multi-field-strength simulation (0.25T to 3T), patient motion, and LMS functionality. Enterprise licensing is sold directly to educational institutions (colleges, universities) and healthcare facilities (hospitals, clinics), while channel partnerships handle specific regional markets such as Medical Standard for South Korea. The simulator is used in more than 25 countries by named customers including University College London Hospitals NHS Foundation Trust, CNI College, British Columbia Institute of Technology, Teesside University, University of Cumbria, Northern Alberta Institute of Technology, Boston University, and The Aquarius Institute. ARMRIT approval (October 2022) allows up to 250 of the 1,000 required clinical hours for MRI technologist certification to be completed on the simulator, and an FDA submission for the SBR software medical device is in progress. The company has raised approximately $3.5 million across three disclosed private rounds, most recently a $3.5M seed in December 2024 co-led by Luminar and Big Pi Ventures, and is led by co-founders Erik Jacobsson (CEO) and Christos Xanthis (CTO), with Athanasios Polimeridis as CSO.

Name

Corsmed

Legal name

Corsmed

Website

https://corsmed.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Corsmed is a Stockholm-based MedTech company offering a cloud-based, physics-based MRI simulator for training radiographers and students. It serves educational institutions, hospitals, and individual learners across 25+ countries via a freemium and enterprise SaaS model.

Ownership category

akta.pro rank

Product category

Medical Imaging Simulation Software

NAICS

Computer Systems Design and Related Services (54151), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Healthcare & Clinical Simulation (Surgery, Nursing, EMT, Patient Interaction) (EDAFAJAC)

akta.pro secondary industries

Digital Labs, Simulations & Virtual Practicals (Non-XR) (EDAFACAF), XR Assessment & Skills Verification (Performance-Based Evaluation) (EDAFAJAI), SaMD – Imaging & Signal Analysis (AI/ML) (HLACANAG)

Keywords

• MRI simulation software
• Medical imaging training
• Radiography education
• Healthcare simulation SaaS
• MRI training platform

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. MRI Simulator Subscription: Cloud-based subscription model with tiered pricing. Free tier includes head and knee anatomies, 8 core pulse sequences. Paid tiers unlock additional anatomies (50+), sequences (23+), pathologies, LMS features, multi-field strength simulation.
2. Enterprise Licensing: Institutional licensing for universities and hospitals with bulk seat pricing, dedicated support, and customization options.
3. Freemium Model: Free tier with limited features drives conversion to paid subscriptions. Free forever tier with head/knee anatomies and 8 sequences serves as user acquisition channel.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Corsmed provides a cloud-based MRI simulator that performs physics-based, voxel-by-voxel computation of MR signal evolution to produce images identical to real clinical MRI scanners, primarily for training radiography students and MRI technologists. The platform includes the core True MRI Simulator, an integrated Learning Management System, five imaging tools (K-space viewer, Bolus Injection Timing, 3D Viewer, Post-Processing, DICOM Viewer), and an investigational Simulation-Based Reconstruction (SBR) post-processing software medical device.

Product overview

Corsmed offers a unified platform architecture centered on its True MRI Simulator, a cloud-based virtual MRI scanner that computes MRI physics from scratch for realistic training outcomes. The platform comprises the core MRI Simulator (available 24/7 on laptops), an integrated Learning Management System (LMS) for course delivery and student tracking, and five Imaging Tools (K-space Viewer, Bolus Injection Timing, 3D Viewer, Post-Processing, DICOM Viewer). A separate investigational product called Simulation-Based Reconstruction (SBR) uses physics-based methods to generate multiple image contrasts from a single acquisition, reducing scan times tenfold. The company also provides free weekly MRI content and educational resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Corsmed MRI Simulator A cloud-based virtual MRI scanner that simulates the complete MRI scanning process using physics-based computation, computing signal evolution for each spin in each voxel and reconstructing images from K-space raw data identical to real scanners. Used by colleges, universities, hospitals, and individual radiographers for MRI training and competency development.
• Simulation-Based Reconstruction (SBR) An investigational post-processing software medical device that generates multiple synthetic contrast-weighted brain images from a single structured multi-sequence MRI acquisition, reducing scan times from 31-45 minutes to 2-3 minutes.

Quantifiable outcome

• Reduces MRI radiographer onboarding from 6 months to 3-4 months
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Medical StandardcoreChannel Partner/ Reseller/ Distributor · 13 September 2023Distribution partnership to bring Corsmed's MRI simulator to the South Korean market. Medical Standard has an extensive footprint in the Korean market with collaborations with leading universities and hospitals. Founded by a radiologist and biomedical engineer with 22 years of focus on radiology solutions.
• Poliambulatorio ArcellaminorStrategic or Co-development Partner · 14 June 2023Collaboration to collect MRI data from the Oasis Velocity Open High Field Total-Body MRI scanner in Padua, Italy. This data was used to create a realistic digital patient model for Corsmed's MRI simulator.
• ARMRIT (American Registry of Magnetic Resonance Imaging Technologists)coreStrategic or Co-development Partner · 25 October 2022ARMRIT approved Corsmed's MRI simulator as part of required clinical hours for MRI technologist certification. Students can now complete up to 250 of their 1000 required hours using Corsmed's simulator, enabling faster certification.
• Hellenic Society of CardiologyminorStrategic or Co-development Partner · 24 September 2019Corsmed's software was used to facilitate an advanced cardiac MR course in Athens. 20 course participants individually practiced running MR scans and protocols for 2 hours each during the training session.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CAE Healthcare: Division of CAE Inc. providing simulation-based training solutions (mannequins, ultrasound simulator, procedure training) to medical schools and health systems. Overlaps with Corsmed in selling simulation into the same healthcare education buyers but at much broader scope and scale.
• Surgical Science: Swedish-listed leader in virtual reality surgical simulation (acquired Level Ex and Simbionix), serving hospitals, device OEMs, and education customers globally. Comparable to Corsmed as a Nordic medical simulation SaaS company but operates across many surgical/endo specialties rather than a single imaging modality.
• Siemens Healthineers: One of the largest MRI hardware OEMs with deep relationships across academic medical centers and routinely bundles training content and simulators with scanner sales. Comparable to Corsmed as a major force in the MRI training buyer ecosystem and a potential competitor or partner depending on go-to-market choices.
• Laerdal Medical: Global medical simulation company (patient simulators, resuscitation training, SimCapture LMS). Comparable to Corsmed in providing simulation plus an LMS for healthcare training, but operates at much broader scale across many clinical specialties rather than focusing on MRI.

Emerging players

• Osso VR: VR-based surgical and medical device training platform used by academic institutions and medtech companies. Comparable to Corsmed in targeting medical training workflows and selling SaaS to institutions, but focused on procedural/surgical skills rather than MRI imaging physics.
• FundamentalVR: Immersive haptic VR surgical training platform sold to medical schools and medical device companies. Comparable to Corsmed in delivering realistic simulation-based skills training to healthcare professionals through a SaaS subscription model, though in surgical rather than imaging domains.
• HeartLab: New Zealand-based cardiac imaging platform with reporting, AI analysis, and training/education components sold to cardiology departments. Comparable to Corsmed in combining medical imaging software with training/education features for clinical users, though focused on echocardiography rather than MRI.

Direct peers

• Mentice: Swedish-headquartered provider of endovascular procedure simulation software sold to hospitals, training centers, and medical device companies via a subscription/SaaS model. Most directly comparable to Corsmed in business model (software-only simulation, institutional licensing, clinical training use case) and geography (Nordic MedTech).
• VirtaMed: Swiss provider of high-fidelity medical simulation systems for surgical and diagnostic training, with a recurring software/services model. Closely comparable to Corsmed in product category (realistic procedure simulation), buyer segment (academic medical centers, hospitals), and premium positioning on physics-based realism.
• Intelligent Ultrasound: UK-listed company selling AI-driven ultrasound simulation and training platforms (ScanTrainer, BodyWorks Eve) to universities and hospitals. Comparable to Corsmed as a modality-specific medical imaging simulation SaaS targeting the same educational and clinical training buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC7EmnE50UUDqYf-tRfZeR1g
• Facebookfacebook.com/corsmed
• LinkedInlinkedin.com/company/18640421
• Instagraminstagram.com/corsmed
• TikToktiktok.com/@corsmed

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corsmed